Friday, October 17, 2008
Breaking news: Construction of new homes drops to lowest point since 1991
Date: Fri, 17 Oct 2008 08:04:41 -0500
The Commerce Department said Friday that starts on new homes fell 6.3%
to a seasonally adjusted annual rate 817,000 units, slowest pace since
January 1991. This was well below the 880,000 rate economists expected.
